May 1, 2008
Grant Maker Urges Foundations to Take More Calculated Risks
NEW BOOKS
Grassroots Philanthropy: Field Notes of a Maverick
Grantmaker
by Bill Somerville with Fred Setterberg
Foundations in the United States collectively control billions of dollars and have almost unfettered freedom in how they spend their money, yet much grant making is timid, slow, and overly bureaucratized, argues Bill Somerville, founder of Philanthropic Ventures Foundation.
"How can the staff, directors, and trustees
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